SPX, INDU, COMPQ: An Old Log Chart Worth Viewing

Since last update, SPX has faded back to the "Trump Tweet Lows" and is testing the zone around those this morning.  COMPQ has faded as well.  Let's get right into the SPX near-term chart:

On SPX's longer term log chart, we can see older support sitting just a bit below current levels.  This roughly lines up with the C-wave target above:

COMPQ is still in the "maybe it can find a whipsaw" zone, but nothing bullish has happened there yet:

INDU is likewise just above support:

In conclusion, the market has continued drifting lower and is now back to testing its last low.  There is potential longer-term support not far below that, and the first C-wave target.  Whether bulls can do anything with any of that -- or if bears are here to stay for a while (keep in mind the "worst case" INDU bear chart published previously, which would see a serious decline) -- remains to be seen.  Trade safe.